Dow turns up after crude dips on inventory data

NEW YORK (MarketWatch) -- The Dow industrials
DJIA, +1.38%
turned higher early Wednesday after a jump in crude inventories pulled crude futures down below $60. The Dow was last up 3 points at 10,860, erasing earlier losses of as much as 37 points. Within the Dow, decliners outnumbered advancers by a 16 to 14 margin. January crude futures dipped to a low of $59.90, off an overnight high of $60.68, before recovering slightly to trade up 16 cents at $60.10 after the U.S. Department of Energy said crude stocks rose 2.7 million barrels in the latest week.

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